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Thursday, 9 December 1976
Page: 3710


Mr Neil (ST GEORGE, NEW SOUTH WALES) asked the Treasurer, upon notice:

(   1 ) How many persons of the age of 65 are estimated to be eligible to pay income tax for the first time as a result of the Hayden Budget.

(2   ) How does the Taxation Office intend tracing these persons who may be unaware that they have to pay tax.


Mr Lynch - The answer to the honourable member's question is as follows:

(   1 ) As a result ofthe Hayden Budget and other changes to the taxation and social security systems over the past few years some pensioners not previously liable to pay tax have been called on to pay tax, while others have experienced an increase in tax liability. At this stage insufficient information is available to enable a reliable estimate to be made of the number of people of the age of 65 who became eligible to pay income tax for the first time as a result of the Hayden Budget.

(2)   The Taxation Office and the Department of Social Security are, by leaflets and other material, providing age pensioners with information about their liability to pay tax in the event that their taxable income is above the level where tax becomes payable.







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